USD/MXN Forecast: Dollar Jumps 1.49% as US Midterm Election Uncertainty Hits Peso
8 Articles
8 Articles
The peso had won the dollar more than 20 cents during the Day of the Dead holiday in Mexico.
Read time approx.: 2 minutes, 30 secondsThe exchange rate erased its initial earnings and closed with a depreciation of 26 cents much higher than the psychological level of 11 cents of variation.This meant a decline of 1.40% placing in the 18.84 Mexican pesos per dollar, which operators attributed to an increase of [...] The charge Close mixed financial markets: Exchange rate depreciates 1.40%; BMV gains 0.58% in the middle of the electoral proc…
The US dollar closes this Tuesday with a profit against the Mexican peso, due to the fact that the exchange rate was influenced by the general caution of the intermediate elections in the United States. The local currency recorded a depreciation of 0.19%, to be quoted at 18,8385 units, with respect to its closing this Friday, according to data from the Bank of Mexico (Banxico). With this, it extends its tendency in zigzag, which it carries since…
USD/MXN Forecast: Dollar Jumps 1.49% as US Midterm Election Uncertainty Hits Peso
The Mexican peso fell sharply on Tuesday as investors awaited the US midterm election results, reversing Monday’s gains and pushing the dollar back towards its recent highs. USD/MXN traded at 18.8388 at 17:35 GMT, up 1.49%, after climbing from a session low of 18.5282. The advance brought the pair close to its intraday high of 18.8418 and put the psychological 19.00 level back in focus. The move leaves the peso under pressure despite support fro…
The main Latin American currencies closed with losses due to the financial caution generated by the mid-term elections in the United States and the negotiations on the conflict in the Middle East.The Mexican peso and the Colombian topped the setbacks by reporting falls of 1.5 and 1.52 percent respectively.Mexico's currency closed at 18,8439 units per dollar and broke with two consecutive recovery sessions in the markets.In Colombia the dollar en…
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
